The Alaska Airlines is almost near to seal the deal of acquiring the Ninth largest airlines in the US, the Virgin America. The Virgin America is the ninth-largest airline in America by Passenger traffic. The Alaska Airlines has outbid the JetBlue Airways to acquire the Virgin America airlines for more than $2 billion.
The Alaska Airlines agreed to pay the $56 to $58 per share for this acquisition of the Virgin America Airlines. The deal is expected to announce by the companies on Monday; still it is not confirmed the deal. The deal between Alaska Airlines and Virgin America could be the another deal between two airline companies of America after 2013. In 2013, the deal between US Airways and American Airlines happened.
The Virgin America Airlines is an Airline subsidiary of Richard Branson’s Virgin Group. The company went public in 20174, and then become a popular low-cost domestic airline in the US. The Virgin America has the market share of nearly 1%, and the Alaska Airlines has the Market share of 5%. The Alaska Airlines is said to final this deal to gain the market share of Virgin America airlines to compete with their rival airline’s companies.